Stock Track | Direxion Daily FTSE China Bull 3X Shares (YINN) Soars 5.03% Intraday on Bullish China Market Outlook

Stock Track12-05 23:44

Direxion Daily FTSE China Bull 3X Shares (YINN) surged 5.03% during intraday trading on Friday, reflecting heightened optimism around China's stock market.

The rally follows a keynote speech by Chen Wei, Chairman of Oriental Fortune Capital, at the China Private Equity Annual Conference, where he highlighted unprecedented policy support and growth potential for China's equities. Chen projected the market could add at least 100 trillion yuan in capitalization, driven by sectors like AI and tech, while noting China's GDP may surpass the U.S. by 2037.

As a leveraged ETF, YINN amplifies gains in Chinese stocks, making it particularly sensitive to bullish sentiment. The speech reinforced expectations of sustained market expansion, fueling the ETF's upward move.

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